RIGHTS EXPLOITATION OUTSIDE THE FIELD Clause Samples
The 'Rights Exploitation Outside the Field' clause defines how rights to use or commercialize intellectual property are handled in areas not covered by the main agreement's specified field. Typically, this clause clarifies whether the licensee or licensor retains the ability to exploit the IP in unrelated industries or applications, such as using a patented technology in a different market sector. Its core function is to prevent disputes and ensure both parties understand the boundaries of their rights, thereby allocating opportunities and risks for uses outside the original scope of the agreement.
RIGHTS EXPLOITATION OUTSIDE THE FIELD. 10.1 Licenses to TGEN Program Technology. Newco hereby grants to TGEN an ----------------------------------- exclusive, royalty free and sublicensable license to TGEN Program Technology outside of the Field. Such license shall be effective and exclusive on a country-by-country basis for the life of any patents on such TGEN Program Technology in such country, or, to the extent the TGEN Program Technology is not patented or covered by pending patent applications in any country, for fifteen years from the date any products are first introduced on the market in such country by TGEN under such license, or for such shorter period as shall be required under the applicable law of any country in the Territory.